14

Here's how your take-home pay could change if Trump's new tax plan is passed

Posted by $ nickursis 8 years, 4 months ago to Economics
404 comments | Share | Flag

Hmm....I keep wanting to believe that a plain 10% "flat Tax" would be the best way to do this, since the looters ARE going to loot, no matter what. All of this "talk" keeps adding up to just making the smoke a different color and making the mirrors more polished. It still is a game where you have to try to "out loot the looters" using all their weird gambits and tricks. There is still way too much money to be taken by keeping the current system, and all the "donations" it causes to be made, to political campaigns.


All Comments


Previous comments...   You are currently on page 17.
  • Posted by $ 8 years, 4 months ago in reply to this comment.
    I'm not disagreeing with you ewv, your point is valid, I was just saying that, given the choice between the current corrupt system and a open, everyone pays the same rate one, I would go for that. I also assumed business would still be taxed only on net profit, not gross income. Oregon tried that little trick last year and it was soundly rejected, even by the PERS people it was there to support. So, this year they just added a huge number of "little" taxes and fees (like the 150.00 "auto purchase privilege fee"),adding up to a few billion, just like Kalifornia does. There is no good answer to this, without a drastic reduction in government and there are just too many self interests to get that to happen.
    Reply | Permalink  
  • Posted by ewv 8 years, 4 months ago in reply to this comment.
    Most people do not desire liberty and you're 'striking' would not change that. You wouldn't be missed, only in jail.
    Reply | Permalink  
  • Posted by ewv 8 years, 4 months ago
    A plain 10% flat tax would invoke the same false and destructive premises of the latest "reform": "Simplify" by eliminating deductions from gross income. We would be double-taxed on gross income we never get because it goes to pay other taxes like state and local taxes, and any business receipts would be fully taxed as income without regard to expenses of doing business, creating large net losses everywhere. Profit margins are generally a small part of gross receipts already and would be far smaller than the taxes.

    If we wanted that kind of "simplification" we could do it now: don't bother to itemize expenses and taxes and simply pay more to the government. Surviving, let alone profiting, is much harder than such easy losses. It would be much "simpler" to stop thinking and working to protect your assets.

    If government really wanted to eliminate the outrageous burden of its artificial, time consuming complexities it would "simply" get off our backs. Instead we get another shell game in the name of watching the shiny object while the tax system is made more progressive and more people are taken off the tax rolls completely because they already don't itemize and the standard deduction goes up. It's planned to do that behind all the PR rhetoric.
    Reply | Permalink  
  • 11
    Posted by freedomforall 8 years, 4 months ago
    Any income tax is theft. It is the thing that allows central power. Ending all income taxation should be the highest priority of every person who desires liberty.
    Strike N-O-W.
    Reply | Permalink  

  • Comment hidden. Undo